Samsung may cut up to 10 percent of employees in a cost controlling effort

According to a new report, Samsung could be preparing to lay off up to 10 percent of its staff from the corporate headquarters location in Suwon, South Korea. These cuts are said to affect employees in the human resources, public relations and finance departments. The lay offs would be in a cost savings effort, as the company plans to reduce expenses in the upcoming year.

A regulatory filing from June showed that the company had 98,999 employees at its headquarter location, which would mean around 10,000 jobs could be on the line. Samsung declined to comment on the possible layoffs.

This is is a practice the every big company does . With a company as big as Samsung there's bound to be a lot of waste that can be trimmed . There's not nearly enough information from this article to be drawing any conclusion for the reasoning other then cost saving . Fact is the competition is more cut throat then ever before. So this game the Samsung has to play in now . No different then any other industry

While the employee reduction comes as no surprise, given that Samsung mobile has had SEVEN quarters of decreasing profits... the estimated number of employees affected is startling. Frankly, when Samsung had the 'wall hugging' advertising of the S5 aimed squarely at Apple, then removed the two popular features of the Galaxy lineup, namely removable battery and SD card, this demonstrated to many that Samsung was 'copying' Apple, including their recent pricing of the S6 and Note 5... they're basically the same price as the IPhone. Added to all this is the slowdown in China and the emergence of much less expensive Android phones. I for one am running my third S4 (under extended warranty and no additional cost to me) and passing on the S6 and most probably the Note 5. Samsung, while I really like their phones especially the screens, they are unfortunately rudderless in the market place! And their numbers demonstrate this!

I have another question. Why do we always presume the employee laid off is the best employee ever? Maybe just maybe they weren't pulling their weight, or like government, corporations get to big and bloated and need to trim. Well, government never trims. No one wants to hear it but the number one goal of business is to make money, not hire people, provide health care or day care or anything thing else.

It's easier and more humane to layoff, this way the employee will be able to qualify for unemployment. In 2008 when the recession hit this was a perfect time for companies to trim. This happened at my company as well. Let's just call it a permanent layoff for lack of a better word.

Yes this happens also, sorry to hear it. I guess I look at it from both sides, since I manage a warehouse and I am responsible for a budget from my higher authority. End of the day it's a cut throat world out there, for better or worse.

Basically. I don't see this as bad performance. I think they wanted to keep the warehouse and plant workers. Its not often you see Corporate office get paid off first. Usually starts at the bottom. Regardless, Samsung high horse just got chopped at the knees. I hope this humbles themselves even more and go back to doing something as great as the Gears S2.

Yep. "Maximizing profits, regardless of social and environmental costs"
Another example of today's corporate world / rule - corporatocracy. Disposable labor, at their convenience.
"Shoot, we only made 50 billion, which is 15% less than projected!What do we do, now??? Oh yeah, just send those schmucks home, we'll find more whenever needed."

I hear you to a certain extent. I just get tired of the demonization of corporations. Corporations as a whole have made our lives easier and more productive with their services and products, not to mention tens of thousands they employ who contribute to the world economy. Low hanging fruit.

Too many phones released and bizarre marketing decisions surely can't be helping. All businesses are looking to streamline and seek cost saving opportunities but Samsmug seem to be alone in the corporate world when it comes to alienating entire continents and selling new products that actually offer less than those they replaced (Note, S tablet range etc).

No its not too hard? but why should I have to go and buy a gray import? and get whacked with import tax? and with maybe no warranty? and maybe not work with UK 4G frequencies?

They where happy to launch the note 1,2,3 and 4 in Europe? and now they won't even sell it here? yeah terrific logic! they can go f**k themselves! trying to shaft Europe with the more expensive gimmicky edge (which has literally no use whatsoever)

So I guess you can explain more on this topic from so little information more eloquently then the rest of us. I get it you wanted the n5 release in the UK I doubt that had any reason for these layoffs . Your taking it way to personal my friend I'm sure Samsung decision not to bring the note 5 in the UK have more to do with hard numbers more so than just pissing people off

What are you talking about Phillip? Did I say anywhere in any of my posts that me not getting a note 5 in the UK had anything to do with these layoffs? did I? NO! read my first post in this thread I stated I am not happy they shafted Europe! that's all.

I know nothing more about these layoffs than anyone else! you jumped into my thread telling me how easy it is to import a note 5 for the UK when clearly you've never imported a phone from a different market before and have no idea about the different 4G frequencies in the UK.

I'm with you bigsmoke.
I wouldn't import one to the UK either if Amazon would allow, even though I haven't checked the bands.
Your first comment was warranted and light hearted. Well handled.
I can spot the baseless wind up merchants from the S-pen blogs, which was painful - but at least there are a few regulars here I like.

I'm not a Apple fanboy. My point is that Samsung is trying really hard to copy Apple (Samsung pay, no sd card, no removable battery) instead of creating something truly unique like they did with the Galaxy Note line. That's why I bought the LG G4.

How is the G4 any more unique than the Note 5 or Edge? Don't get me wrong, the G4 is a nice phone but ground breaking or innovative? Maybe I missed something. I have played with it but it was "nice" but not"wow"
The experience was not that different than a nexus device. If anything I would say that Sammy had "too many" to choose from. But looking at Apple, I would not say that their very limited and narrow feature set, low resolution screens and very closed ecosystem was being copied.

I think we need to be wise and understand that Samsung is not just a handset/tablet company. Samsung makes a ton of stuff and the reason for doing this could be somewhat related to their mobile line up or have absolutely nothing to do with it.